The business plan for task management software is a troublesome one because there are already a vast number of project management softwares on the market – most with their drawbacks, to be sure, but categorizing them all and pointing out how you can improve on the status quo is not in and of itself a simple thing. The SaaS business model is a nuanced one. If you have developed a software service platform that can make it easier for users to control the tasks of their work environment (or their personal lives), your business plan needs to contextualize this development against the backdrop of an industry that has increasingly moved online and yet struggles to find consistency with users. Even the most “dominant†players in this fragmented industry control only partial market shares. Your business plan, therefore, should answer:
• What makes your SaaS solution unique?
• What are the features and the various plan levels?
• How, if at all, will you employ a freemium model?
• What are the biggest drawbacks of existing task management systems now available?
• What is the funding request you'll make?
Knowing how much capital you need to ask for is just part of the battle in the financial model. You also need to demonstrate in detail how you will allocate these resources (what categories, what amounts, and on what sort of timeline?) and you'll have to prove that those funds can be used to generate consistent sales over a period of (most likely) 5 years, as required by most angel investors. The plan should show an assumptions table that draws on industry averages and known figures from competitors to yield a sales forecast and a break-even point that makes sense in the context of your rollout. If you're puzzled by the market analysis or aren't sure how to model this effectively, call MasterPlans. Our team of expert business plan writers has been doing this since 2002 and can get your plan together in short order. (877) 453-2011.
